Here is a play on the brain, the ai16z chart, now ElizaOS operating system, claiming to be able to grow to 100 Bil M/Cap
now this chart is almost a textbook rising wedge that is bearish, it usually breaks down earlier, but retraces to the base of the wedge. Then the Fib retraces to the previous spike high before the base measuring point, usually between the .618 and the .786... I will credit Sheldon the Sniper for that simple but powerful tool. Check your own charts for the retracements to that previous high, falling between the .618 & the .786 and most of th etime it will eventually retrace to that mark, even some of these most recent drops fell to that level in ,any tokens and just now turning around.
so, if ai16z ElizaOS does follow the text books or algorithmic bot traders, it should at least fall to the yellow dashed line at 1.80, at least the .618 or then a bounce, then fall to the bottom of the wedge.
Now save the chart and go to settings and INVERT SCALE and see how this is actually bullish
IF, ONLY IF, IT CAN BREAK OUT PAST THE OTHER FIBS BUT SHOULD HAPPEN IF ELIZAOS DELIVERS
IF is the biggest little wEnglish Dictionary.
Just wanted to show a different perspective on an inverted chart
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.